The URL can be used to link to this page

Home My WebLink About1686 e ~.,s +it?T?~.4~ifiR?'.~r~.•.•.~i~i4P.~.t~iti4~.~,.~.~r~~~.~~~~~~~~~~~~~~~•~~~~~y~~•r•.•.+.L'.'.S.•.?~~i~i4•.~.':.4~s•~~i'.3.S.~sS?'4~~ Florlda .-.-Septe~ber- . 197~ ~ C ~68 ~p Stuart, ~ S ~-i --~-------t-----~----- ` ' _ _ - ~ ~ FOR VAIUE RECEIVED, th~ vnd~niy~ed, ~~~hl +~d ~v.,rally, PROMISE TO PAY t~ tha ordK o-_ . . _.RllSl'!'1A~d,--~?s•-~r'YSt.e@t~-- - . - - ' l .BERhABQ..LAMS T~_~11_i~~ix_liuadr8d.-Ei~t?~=EDUr---~bausaad--~iy4-liwsd.red--Sixty--E~gh~-and-no/24~-l--oo~uues. ~ • or wch other place +s th~ hold~~ n l~el:~ lla, -l+le~e--York-~l ? _1~4__BrQad-Halla~-R~oad.-- , - - _ r ethe~ with int:rost froa~ ------~--~~--h~~ - he~eof n~a d~si nab ia writin~ to~l st th~ nt~ of P~ P~ ~n~um on the u~psid balanc~ until matu~ity. Th~ said p~incipai and intenst shsll be du~ ~ed payable ss follows: The pri n~t pal shal i be p~tYabl e i n ei ght annuai 1 nstallments of 5335 ,571- 00 each , pl us in~erest then due, beglnnlng o~e year tran the date hereof and co~tlnuing annuatly there- atter unt11 the entire uppaid principat balance a~d interest shall be fully pa1d. Tre maker sha~ll have the privilege of maki~g palyments 1n advance of the due dates titiroat penalty, at ar~y time after January 1. 1975. ~ er iwM~t a~1 i++K ~Of• ~~wboM svs fl~w r~wwiwiwy ~ ~ K~iarM b~ fK .._.~D-. daps iw t1.~ psYa~w~ ~f a~r i.?:taNwrw~ ef priucipat unp~id will~ i~1~st aMq M lalde~s ~pliew b~cow» dw ~wd p~yabb vvdhou! aotic~. Faihre~ ~s ~:~+cis~ wch pliow sluq wof cowshw1~, a w~iw~ of tlw rig6t N aaeeif~ tl» ss~ iw tM ~vaw~ ef srbs~9wwt d~fs~k. AfrK wwtwit~l botl~ p~iaeipsl ~nd seerwd intrnsl s6a11 b~+r iuh~ •t 7N5 p~~ ~ p.r aw~w~ wNil ~sid. TI» w+~~~ ~~~y h~i ~d:ow. 1M ~ak~.s ~dd~w ~does~n M~Mreeff yn~ te M1 p cbus ei ee1Mctiow. iucWdiwf +p ewr~ ~ mafwit~ ~wd fM s~w~ is Pl+c~ ~ cosri an~ ns~Mabb alhnNy hN. This note is sub~ect to all of the ter~s,provisions and conditions of a cer~aln real estate ti mortgage securing the pa~yment hereof and bearing even date herewith ~?de by the under- ~ signed to the above naned paUrees, and it is speciflcally ~derstodd that M. R. Nelson shall~ not be personally liable for aRy pa~y~aent due hereunder. - (s~) ti - - - , - . ' S~ 1r1.R~_IV~,.~._et,l------ - - - _ _ ts~?t~ ~ M. R. Nelson, as 7rustee ts~u - - - ~ `s~i~ifi`y~~l~~is?~J~lfi~l~i~fs~l~i~i~?~~i~i~l~is~~~~~~~I~t~~~s?s~~~~i~i~i~~fi~i'~i~i~i~i!?~i'~~i~i~i~i~i~i~i~i~i~i~i~i~?~i~ifi~i~i~i~i~~~~~~~~~~~~s~~~Ir~~~~i~~~~~~~I~~~~~~~~i!ifi-'ti I~ and shall dul?. promptly and tully per(orm, dixharge, execvte. e[fect. complete, compfr with and abide by each and e~ery the uipulations, ap,rerments, condiiious and mvenants o[ said promisx,r~• note aud o[ this mortRa~;e, tLcn this mortgage ard tht estate hereby creatcd shall cea>e anJ be nuU and ~•oid_ It is understood that each of the words, "note." "mortgagor" and "mortqagee" respeui.~el~• aud [he pronouns reterring thereto, whether in the singular or plural an~~where in this mortRa~e, sl~al! bc siugular it onr o~~ly and shall bc plunl jointl~ and severally, it more than one. and shall be mauuline, (eminine and!or neucer, Nhere~•er the concere so implies or admi~s. And said \lortgagor (or himsetf and his heirs. le~al represeutati~~es. successors and assiRns, hereb~• cocenantc and agrees _ to and tivith said \lortgaqte. his legal repraentatiaes. successon and as.iRns: 1. To pay aU and siugul•rr the pri~~cipal and incerest au~ the .-arious and sundn~ sum. o( money pa~ablc by ~irtue of said promisson• note, and this mortga~{e, each and e~en~. promptlr on the da~s respecti~'el~ the ~ame se~erall~ hecome due. i I 7'o pay all and singular the taxe3, assescments, lta~ies. liabilitiex. ohliRations and iuc~mbtances o( e~~en nature and ~I ki~id now on said de~cribecl property, and/or that herea(ter mar be imposed> su[[ered, placed, lecied or assessed thereupon. i and for that hercafter ma~ bc lc~•ied or asscssed upon this mort~;aRe andior the inclebtcdnccs secured hereb~, each and c~•erp. ~ v?hen due and payable accorciiu~ eo I~vr. Fx[ore they become delinquen~. and be(ore am• iuterest a[taches ~?r ar~r pe~ialt~ is ~ incnrred: and in so (ar as ao~ theteof is of record the same shall be ptompcly satisfied and discharged ot recorcl aud the or- ~ iginal of(icial ctocument (such as. (or instance, thr ta~ receipt or the sati+(action paper o:~iciall~ endorsrd or certiGecl) shall be placec! in the hands of said ~[ostgagee ~.ithiu ten days uext after pa~7nent; ancl in the erent that an~~ thrme~f is not so ~ c paid. satis[ial anc! dischargecl, said ~tort~agee may at any time pay the same or a~~r part tl~ereo( withoue wai~•ing or at[ect- ~ inR any opcion. lien. equity or riqht u~ider or bv ~irtue of th~5 mort~a~e, and the full amounc of cach and t~ert sudi pa~- ~ mene shall be immediately due and pa}able aud ~hall bear incerest trom the dace thereot un~il paid ac die race o[ tca per tentum per annum and toRether with such interest shall be secured by the lien of this mortRa~e. ~ 3. To place and rnntinuausl~• kecp on the buildings now on c~reatter situate on said laud ti~c and wiud.torm insur- ance in the usual xtandard policv (orm, in a sum not less than ihe hiRhest insurable ~~alue, in such com~~ain or cump:+uies as may be appro~ed by saed ~iortgaRee: aRd all such inwrance policies on any of said buildinRs. any interest ~he:ein or part thereof, in the aggreRate sum a(oresaid or in excess thereof, shaU contain the ucual staudard mortgagee clause making the ~r 1oss under said polities, each a~~d ecery, payable to said ~fortga~ee as his interest may appear, and each ~nd erery such policp shal) be prompdr ddicerect to and held by said ~IortRaRee: a~?d. not lest than ten davs n~ ~d~•ance o( the expiration of tach pnlicy, to ddi~et to said \IortgaRee a renev?al thereo(. tesgether vrith a receipt (or the premium ot wch renevcal: and there shall be no such inwrante placed on any of sa~d buildi~~gs, any interest therein or part thereo(, unless in the form and with the loss parable as aforesaid: and in the ecent any sum of money becomes pa~•able under wch policy or ~~olicie~ said ~tortga~ee shall have the option to ncei~e and apply the same on accounc of the indebteeiness secured hereby or to permit said ~tortga- qor to retei~~e and use it or any part thercof for other purposes without thereby waivinR or impairiuR anv equit~. lia~ or right under or by ~irtue of this mortqage: and in che e~enc said Mortgaqor shall for any rcawn (ail to kecp ehe said pr~mises so insurecl. or fail co deliver promptly any of said policies uf insurance to said ~JortRaqee, or [ail promptly to pay fully a~~y premium therefor, or in anr respect tail eo per[oTm, discharge, erecute. e(fect, mmplete. comply wiih ar.d abiite by thi~ rnv- enant, or any part hereof, said riortgigee may plzce and pay for wch insurance or any part ehereof vri~hout wai~ing or ~ atfecting any option. lien, equitY or ri~ht under or by virtue o[ this mortgage, and the Eull amount of tach and tvtry such payment shall be immtdiat~ly due and parable and shall bear interest (rom the date there~E nntil paid at the rate of ten ~ per centum per annum and together with wch interat shall be secured br the lien o( this mortgaqe. ~ 4. To per?nit. oommic or suffa no waate, imptirment or decerioracion o[ raid propeny or any part thcreof. ' 5. To pay all and singular the costs, cturges and expenses, including reasonable lawytr s Eees and cost ot abstracts of title, incurred ur paid at any time by said Moregagee because and/or in the e~ent of the (ailure on the part o( the said ~iortRagor to dulr, prompe~y and fully perlorm, dischuge, acecute, ef[ece, complece, mmply with and abide by each and every the stipnlations, aqreements, conditions and covenanu oE said promis~ory nott. and this mortgage, any or tither, and said coses, charges and acpenses. e~ch and e~'ery~ shz11 b~ immediately due a~d payable, wheeher or not there be~netice, de- mand, actempt to mllett or suit pending: and the tull amounc of each and tvery such papmcnt shall bear interest irom the date thereof uutil paid at the nte oE ten per centum per annum; and all ui~ ooats, chuga and acpeasa ~ incurnd a~ paid. together with such interest, shall be ucured by ehe lien of this roortgage. - e00K ~1 PACE168~ z. _ _ _ ry~ $ ~ - ~ . ~ _-r= ~ ~ - _ .~'~~~4 ~~'~:d~-~ ~ - .